Knight-Swift Transportation (NYSE:KNX) Rating Increased to Buy at Bank of America

Bank of America upgraded shares of Knight-Swift Transportation (NYSE:KNX) from a neutral rating to a buy rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. Bank of America currently has $50.00 target price on the transportation company’s stock, up from their prior target price of $41.00.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their target price on Knight-Swift Transportation from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Knight-Swift Transportation in a research note on Wednesday, October 8th. UBS Group cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and raised their price target for the company from $46.00 to $51.00 in a research note on Friday, September 5th. Wells Fargo & Company cut their price target on Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and raised their price target for the company from $43.00 to $53.00 in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.65.

Knight-Swift Transportation Trading Up 6.6%

NYSE:KNX opened at $47.11 on Thursday. The firm has a market cap of $7.65 billion, a PE ratio of 46.19, a price-to-earnings-growth ratio of 0.78 and a beta of 1.14. The stock has a fifty day moving average price of $42.42 and a 200 day moving average price of $42.93. Knight-Swift Transportation has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.Knight-Swift Transportation’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Sell-side analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 70.59%.

Insider Activity

In related news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC grew its holdings in shares of Knight-Swift Transportation by 611.7% during the first quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company’s stock worth $1,482,000 after buying an additional 29,286 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in Knight-Swift Transportation by 6.3% in the 1st quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company’s stock valued at $4,824,000 after purchasing an additional 6,592 shares in the last quarter. Washington Capital Management Inc. purchased a new stake in Knight-Swift Transportation in the 2nd quarter valued at approximately $464,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Knight-Swift Transportation by 668.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company’s stock valued at $1,511,000 after purchasing an additional 30,219 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Knight-Swift Transportation by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company’s stock valued at $824,000 after purchasing an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.